LGA and The Atlantis Report "IMF, Wallstreet and Banking News" 10-17-2020
IMF calls for Monetary Reset: Gold, Silver, Bitcoin Market Update 16th October
Life Growth Academy: Oct 17, 2020
This is your anti fiat, gold, silver and Bitcoin price update for the week ending 16th October.
A week that has seen the IMF call for a new Bretton Woods Monetary Conference.
IMF Link: https://www.imf.org/external/mmedia/view.aspx?vid=6200738336001
Now is Evollovation: Most do not know this, but as of the close of markets in the US last night at 10pm GMT. There is a massive global financial RESET that is currently taking place associated with LIBOR. A reset that will take all of this weekend, and which involves around $80 Trillion (80,000,000,000,000) worth of financial products. The truth is, the global financial system is 'bankrupt'. And the politicians and their banking overlords wish to see the masses 'under lock and key' until the whole process has been completed. Get ready for massive market turmoil on Monday. We could well see something that will make 'Black Monday' look like a picnic.
Here is the relevant information as of 10pm last night https://www.youtube.com/watch?v=wXKIaRKdy4Q
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Wall Street is The Largest Gambling Casino in The World -- Economic Collapse ,Market Crash Looming!
The Atlantis Report: Premiered Oct 14, 2020
Wall Street is the Largest Gambling Casino in The World -- Economic Collapse Stock Market Crash Looming The market is grotesquely overvalued. The strength on Wall Street is now driven by Just Printing and Buying, No Economy is necessary.
The FED goes pedal to the metal with their criminal manipulation of US equities; as the first legalized Ponzi scheme in the world continues the greatest redistribution of wealth in history.
This market is going to all-time highs and way beyond. You cannot shoot trillions of dollars into equities and not have it respond.
For the full transcript go to https://financearmageddon.blogspot.com
All Banks are Insolvent -- Bank Defaults, Bail-Ins, and Bank Runs Coming Next.
The Atlantis Report: Premiered Oct 16, 2020
Warning: All Banks are Insolvent -- Bank Defaults, Bail-Ins, and Bank Runs Coming Next. Personal and household debt at all-time highs,far fewer loan transactions, Low interest. All bad signs for banks.
Not to mention their exposure to airlines, hotels, tourists, and other industries. I'll be surprised if any can pass the stress test. They cant play fast and loose with bank members' cash.
Banking shares still down about 30% on the year to date, even as a handful of technology companies have helped major US stock indexes trade near record territory.
Bank stocks are just like Airline stocks. They won't make a profit(if anyone cares) for a couple of years, as loan defaults increase, and Powell put the nail in the coffin that the rate will stay 0 for a few years.
For the full transcript go to https://financearmageddon.blogspot.com